Hedge Fund Manager Jailed, Fined For Fraud Scheme

Law360 (March 9, 2006, 12:00 AM EST) -- A former Connecticut hedge fund manager has been slapped with a $50,000 fine and sentenced to 30 months in prison after misleading investors about the value of his fund and misusing more than $2 million in client assets, ending a long-running federal investigation.

U.S. District Judge John G. Koeltl handed down the sentence in a federal court in Manhattan this week, also ordering Burton G. Friedlander, the former president and sole shareholder of Friedlander Capital Management Corporation, to two years supervised release following his jail term....

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